Which of the following can affect the price of a home?
A)Cost of the home inspection
B)Number of realtors in the area
C)Cost of the appraisal
D)Current mortgage rates
E)Number of loan officers in the area

Question

Quizplus · Accepted Answer

Current mortgage rates directly influence the affordability of home loans for buyers, thereby affecting the demand and ultimately the price of homes. Lower mortgage rates can increase demand, potentially driving up home prices, while higher rates might decrease demand, potentially lowering prices.

Which of the Following Can Affect the Price of a Home